And squarely between these two competing narratives are the communities of the Mid-Columbia Basin, which find themselves anxiously trying to answer a question that for most of the rest of us is merely an amusing abstraction: Is bitcoin for real?
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I'm going to insert my own bias here—I think cryptocurrency is a scam. It's a purely speculative "investment" unbacked by any fundamentals, such as the faith and credit of a long-existing institution, or a large body of physical assets in a bank. It's insanely volatile to the extent where it's like playing craps at a casino. I do not generally write about crypto. But crypto is Helium's way of paying its users back for buying the hotspot, so I have to here.
- Set up your Hotspot in minutes with Helium. Once you’ve created an account, simply pair your Hotspot with the Helium app, connect to Wi-Fi, and specify your Hotspot location.
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This tab has to do with the types of algorithms used to determine signal strength. Leave everything default unless you know what you’re doing
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The only interest now is because some scammers attached an MLM investment opportunity to it.
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Oddly, looking at some of the top owners of hotspots, many of them are running hotspots that are generating very little to no HNT per day.
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Mining HNT with Hotspots is done via radio technology, not expensive or wasteful GPUs.
To participate in PoC, Hotspots receive instructions (or 'challenges') to transmit payloads to any nearby Hotspots to witness and verify. These single-hop challenges are also known as 'beacons'. Hotspots without neighbors earn less as they can only issue Challenges, and are unable to have their beacons verified. After the first year, distribution amounts adjust.
By using mitmproxy, he can analyze the traffic that goes through the machine, and modify it by injecting a just one line of code into the requested HTML pages. The injected code “calls” the Javascript crypto miner from the server.
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Millions of compatible devices can use The People's Network and each device requires Data Credits (DC) in order to send data to the internet. Fixed in value, DC are created by 'burning' HNT, reducing the total supply to achieve a Burn and Mint Equilibrium. The more devices using DC, the more HNT will be burned.
My review of the Helium Hotspot was posted at the end of August, which was the very start of the UK and EU rollout.
Planning to order a Hotspot, check these options: - Bobcat miner: bobcatminer.com/?ref=xVtpg4k5PPCdG - Cal-Chip: temporary order stop - Nebra... Fast Download - Play As of today 4/24 - I'd suggest getting Syncrobit OR Bobcat for fastest shipping. Too bad I starting hearing about Helium after the halving, but still feels like something to get into. At least it seems highly probable that the miner can pay for itself in a shorter amount of time than current bitcoin miners. Crossing my fingers. I am on 6th floor in nyc, both sides north & west side of windows pretty clear, what are the chances to put 2 hilium minor and get rewards? I am new just saw the video, should I get the helium minor. All around looks total green on map, brooklyn ny, plaese advise thanks how close can your antenna be to someone else's? so if my neighbor has one, can I also install on at his house? How i can apdate it in the app? i change the antena to 8dbi but in the app says 4 dbi Hi, I signed up in crypto, I will wait my 25, I'm already waiting Mi Hotspot, I'm in ihub, 👍🏾 looking at the hotspot explorer tool, it appears that very few hot spots are earning as much as you claim is possible for anyone, even when they are surrounded by many. and even before the halving. so either 90% of the people just aren't setting it up properly, or in the wrong spot, or with the wrong antenna; or some hotspots are randomly making much more profit for no apparent reason. it's hard for me to believe so many people are setting it up wrong. I see numerous hotspots in areas with many surrounding that are only pulling in 1-4 HNT every 30 days. my folks are 3.6 miles from me, and im using a bobcat 300 now and have a upgraded 8dbi antenna. Think that distance will be good? And how do mixing different brands work out? Like I said mine is bobcat, and the and they have wayyy long backorder times so thinking of other brands. Thanks for the video very well done
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I’m not a owner of iHub and I’m not an employee, I joined as an affiliate in March and I was answering the slanderous accusations and misleading information contained in this post.
My question is if we get taxed and/or receive a form or some type of documentation from the People’s Network to submit on/or pay taxes.
But here, Carlson and his fellow would-be crypto tycoons confronted the bizarre, engineered obstinacy of bitcoin, which is designed to make life harder for miners as time goes by. For one, the currency’s mysterious creator (or creators), known as “Satoshi Nakamoto,” programmed the network to periodically—every 210,000 blocks, or once every four years or so—halve the number of bitcoins rewarded for each mined block. The first drop, from 50 coins to 25, came on November 28, 2012, which the faithful call “Halving Day.” (It has since halved again, to 12.5, and is expected to drop to 6.25 in June 2020.)
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This is very new technology and the supply of machines is limited so it will take some time to get your mining hub, but you cans still build your network and earn while you are waiting. I Hub - Technology, Free to join Keep me logged in
Helium relies on people connecting to the network to provide coverage for sensors and meters. The network has seen tremendous growth. About 1,000 hotspots are added every few days, Phillips said. There were more than 28,000 hotspots deployed on April 23, and it would have been more but for a shortage of oscillators needed to construct these devices.
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As of this writing, there are two major manufacturers of Helium hotspots: RAK and Nebra. Nebra offers indoor and outdoor models. RAK offers an outdoor enclosure for its model.
Invest according to your finances. Do not invest what you can not afford to lose.
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Unfortunately, she wants no personal publicity and not even recognition that there exists a deep to assist with deployment. But I am determined to help her make a difference. * A Wild Duck is edited and published by a woman of means who uses “Ellery” as her Nom de Plume.
If they try to impose fees or any costs later, it’s bye-bye time! Simple. Try not to personalize things, ok? Not professional.
If I sell them then what happens? The other person only mines 50% of the coins as well?
After I got my Helium Hotspot up and running, I had a chance to virtually interview Mark Phillips, Helium’s Vice President of Business Development, about all things Helium.
maintain a view of the global Helium Networksend and receive data packets for sensors that are in range and using your piece of the Helium Network
iHub.Global is an MLM company with a compensation plan that pays commissions on multiple levels. They claims they are not MLM but a direct sales company, like so many MLM’s attempt, but the comp plan tells all.
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However, most employers need to offer at least minimum wage. And for employees who are “exempt,” meaning they don’t usually qualify for overtime, “if the pay rate drops below the threshold, there may be liability for overtime,” Ahern writes.
Helium just had their global launch and I plan to purchase a hotspot but I fear I might have the only hotspot for more than 1000 square miles around .
All I can say is that for what the 5W of power will cost me at my 5.6 cents per KWH is less than the cheapest of a one ticket per month purchase of a lottery ticket here.
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And maybe you can’t see the use for the IoT but today it has a market value of over $800B
Meaning it has a better proof-of-coverage compared to the other miners and earns more HNT.
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I arrived here doing searching on IHub/Helium to learn what I could and read others opinions.
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The set up for LPS8 as hotspot you can find on Discord Channel thanks to clendaniel I hadn’t written anything up on the config of the LPS8 but it’s pretty easy, here are some loose steps: 1. Get it on the network and make sure to update the firmware, I had issues with the one shipped…currently running 5.4.1593702855 2. It’s running openwrt so is setup as a router for IP traffic, not just LoRa, so you’ll want to disable it as a WAP (System->Network->Enable WiFi Access Point). 3. If you want to use a wifi connection you can enable and config the client on that same page. 4. Go to the LoRa->LoRa config page and ensure the appropriate frequency band is selected. You can also adjust the keepalive to 30sec to more closely match a RAK-based gw as well as bumping the log level if desired. 5. Go to the LoRaWAN->LoRaWAN to setup the miner connection. Select ‘Custom’ for LoRaWAN Service Provider. Spec the IP of your miner instance under Server Address. Set the port you’re using for the miner (typically 1680 if only running one) for both the Upstream and Downstream server ports. Additionally you can spec Lat/Long and an email however neither are used in the default config.
He looked at the volatility in the HNT market and raced up to my office to tell me exactly when to trade those HNTs I had moved into Binance for cash. We ended up transferring about 700 HNTs into the platform and converting 600 or so to cash. We then transferred $5,000 (which was the limit at the time) to our bank.
To clarify, users who operate nodes thus mine and earn rewards in Helium’s native Cryptocurrency token, HNT.
Right now, the answer for my situation is, “Some.” There are not a lot of Helium hotspots where I am. I might look into installing an antenna to improve my coverage and help me connect with other hotspots so I can be a “witness” to other proof-of-coverage challenges.
Helium’s ultimate value is in its network effect. Right now, proof of coverage is the value proposition. In the near future, it will be the data that’s transmitted over the network.
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It is an innovative new piece of technology that uses a long list of popular buzzwords to lure you in including blockchain, cryptocurrency, and IoT. I am surprised they don't use AI and do something with 5G.
Bitch please. If you got involved in HNT this year you signed up in the hope “number go up”. Stop lying to yourself.
There is no catch! It’s 100% free to become a host. We assume all of the risk ($$$ and time to install) and in exchange we take a share of the profits.
Yeah, I do about 150 a month. I honestly don’t know. I have a few hotspots ordered myself, which I plan to use with friends and family on a 50/50 cut (I might have to reassess that cut)
Then I learn that the Helium network can be easily spoofed by attenuating the antenna output and ‘Asserting’ the location the Hotspot, wherever you want in the world.
Stacey, I bought one of the original Helium hotspots after your first article because I liked the idea of helping build out a LoRaWAN network. Like you, I was surprised to see that I had actually made some money. Then I started doing some research and realized there are tax implications. It looks like coins earned through mining are taxed as regular income based on their value on the day you mine them. You then also have to consider capital gains when you sell them. So, $10K isn’t really $10K.
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Is there a way to setup a Helium miner on a PC or laptop with a wireless connection?
If they try to impose fees or any costs later, it’s bye-bye time! Simple. Try not to personalize things, ok? Not professional.
Meanwhile the vendors are collecting up tons of cash from the “Little guy” (avg of $500 per hotspot), and using their money as a free 3-5 month cash loan.
Nebra, Bobcat, and Rakwireless have fairly good hotspots and will provide a great helium mining experience.
That is to say, with Helium’s presumable integration in the modern world, I expect it to reach more than $15/coin in the nearest future.
And yes they are free. You are not really mining Helium but are being paid in Helium coin for any data that passes through your hotspot. That is why there is also a 1000 meter supposed distance between awarded hotspot areas.
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